Market Intelligence · FL / Panama City

Panama City, FL 32409 Housing Market

The typical home in Panama City's 32409 ZIP code is worth $375,994, up 1.7% over the past year. The median list price sits at $459,950, and homes take a median of 73 days on market.

Updated June 2026Median value$376K

The median home value in Panama City, FL 32409 is $376K as of June 2026, up 1.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 32409 range

$346K to $406K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.7% over 12 months

Typical home value in 32409 over the last 12 months: $370K in Jun 2025 to $376K in Jun 2026 (+1.7%).

Jun 2025$370K

Jun 2026$376K

The numbers

What is the 32409 housing market like?

Typical home value

$376K

Up1.7%YoY

Median list price

$460K

Days on market

73

Down2.7%MoM

Homes for sale

74

Price cuts

14.6%

New listings

42

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 32409 home prices compare?

  • 32409$375,994
  • Panama City$297,826
  • Florida$347,135
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama City: 5 ZIPs; Florida: 923 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 74 homes for sale in 32409, with 42 new listings added. The median list price is $459,950, while the typical home value is $375,994, up 1.7% over the past year. The median days on market is 73, and 14.6% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing and patience matter.

Monthly payment

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20% · $75,199

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